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Kerosene price begins downward trend as 3 refineries pump 4.6ml to market

Other than corrupt tendencies, there are no reasons why the price of Kerosene will still remain at the roof top the Nigerian  National Petroleum Corporation (NNPC) has revealed massive abundance following the injection of over 4.6m litres on a daily basis.

The corporation in a statement Thursday said three refineries produced additional 4.6 million litres of Dual Purpose Kerosene, DPK, otherwise known as kerosene and 7.7 million litres of Automative Gas Oil otherwise known as diesel.

Chief Operating Officer of the refineries, Mr. Anibor Kragha made the presentation before the Senate Committee on Petroleum Downstream on the current status of the refineries.

According to him, the Port Harcourt Refining Company Limited, PHRC, Warri Refining and Petrochemical Company, WRPC and the Kaduna Refining and Petrochemical Company, KRPC, are all back on stream and that the production data was for Tuesday.

Kragha said “The refineries are all running, they are producing and they are all fully re-streamed. We are ready to take Senators of this committee on a facility tour of all of them on a date that is convenient for the Senators to have a first-hand status of the refineries”.

While noting that efforts were on for the refineries to commence the production of Aviation Turbine Kerosene otherwise known as Jet A1 fuel, he explained that the NNPC was also working on a holistic plan to ensure the operational integrity of the refineries, adding that the challenges of aging equipment within the refineries were surmountable.